Funding you earn now, next payment 07:00 UTC−0.0648%/8h= −71.0% APRnext payment −$0.81 per $10,000 · paid last 24h −0.059%
Price spread now: Lighter RH against Lighter−0.069%7-day average −0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$83as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$330.335% of the position
Funding, last 7 days−0.495%−$49 on $10k
+Price spread, last 7 days+0.189%+$19 · spread now −0.069%, 7d avg −0.017%
=Together, before fees−0.306%+ Points / potential airdropLighter: Season 3 · Lighter RH: Points live · farm board−$31 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and Lighter RH is 0.052% cheaper against Lighter than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.017%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter PONS | 0.5923 | 0.0744 | pay 0.0093% / 1h | 34m 00s | $1.6M | $830K | 3x |
| Short | Lighter RH PONS | 0.5919 | 0.0096 | get 0.0012% / 1h | 34m 00s | $416K | $2.6M | 3x |
Lighter PONS
Lighter RH PONSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Lighter. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$136.08
- Price spread: −0.069% → −0.017%
- −$5.18
- Slippage, 4 orders
- −$33.48
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$174.74
- Costs to cover
- 0.335%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 2 min ago; Lighter RH: live order book, 4 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Lighter live order book, 2 min ago | 4.56 bp | 5.9 bp −$6 | 16.0 bp −$160 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 4 min ago | 5.16 bp | 9.0 bp −$9 | 53.6 bp −$536 | doesn't fit | doesn't fit |
PONS on 30 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) PONS/USD | L +0.0033% / S −0.0032% | 1h | 0.5912 | −0.196% | $235K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5969 | +0.780% | $614 | $10K | 5.5x | as long as short |
| Lighter RH PONSshort | +0.0096% | 1h | 0.5919 | −0.069% | $416K | $2.6M | 3x | |
| Popdex PONSUSDT | +0.0096% | 1h | 0.5923 | −0.005% | $22K | $421K | 20x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.5927 | +0.066% | $2K | $3K | 10x | as long as short |
| Nado PONS-PERP | +0.0100% | 1h | 0.5922 | −0.026% | $69K | $131K | 5x | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.5903 | −0.349% | $29K | $316K | 5x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.5921 | −0.044% | — | $1.2M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.5919 | −0.071% | $26K | $586K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.5926 | +0.049% | $65K | $525K | 20x | as long as short |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Popdex PONSUSDT
Orderly PERP_PONS_USDC_mythos
Nado PONS-PERP
ApeX Omni PONSUSDT
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex PONSUSDT | +0.0100% | 4h | 0.5921 | −0.039% | $1.6M | $3.2M | 20x | as long as short |
| Aevo PONS-PERP | +0.0208% | 1h | 0.5922 | −0.022% | $369 | — | 3x | as long as short |
| Hyperliquid PONS | +0.0222% | 1h | 0.5924 | +0.008% | $60.1M | $29.5M | 3x | as long as short |
| OKX PONS-USDT-SWAP | +0.0399% | 4h | 0.5927 | +0.062% | $13.3M | $56.0M | 20x | as long as short |
| Gate PONS_USDT | +0.0406% | 4h | 0.5915 | −0.140% | $5.3M | $6.3M | 20x | as long as short |
| Polymarket Perps PONS-USD | +0.0441% | 1h | 0.5918 | −0.093% | $94K | $1.9M | 3x | as long as short |
| Aster PONSUSDT | +0.0465% | 4h | 0.5925 | +0.023% | $1.1M | $2.2M | 20x | as long as short |
| MEXC PONS_USDT | +0.0520% | 4h | 0.5919 | −0.073% | $7.5M | $4.7M | 20x | as long as short |
| Binance PONSUSDT | +0.0527% | 4h | 0.5923 | −0.004% | $37.2M | $98.6M | 20x | as long as short |
| Extended PONS-USD | +0.0528% | 1h | 0.5920 | −0.052% | $101K | $811K | 5x | as long as short |
| edgeX PONSUSDC | +0.0536% | 4h | 0.5909 | −0.241% | $20K | $292K | 10x | as long as short |
| Pacifica PONS | +0.0556% | 1h | 0.5920 | −0.050% | $45K | $68K | 3x | as long as short |
| Variational Omni PONS | +0.0595% | 4h | 0.5908 | −0.250% | $1.4M | $4.1M | — | as long as short |
| KuCoin PONSUSDTM | +0.0636% | 4h | 0.5921 | −0.030% | $1.6M | $3.8M | 20x | as long as short |
| Bitget PONSUSDT | +0.0676% | 4h | 0.5929 | +0.091% | $4.7M | $12.2M | 20x | as long as short |
| BingX PONS-USDT | +0.0724% | 4h | 0.5921 | −0.039% | — | $3.0M | — | as long as short |
| Bybit PONSUSDT | +0.0744% | 4h | 0.5925 | +0.029% | $17.6M | $31.4M | 20x | as long as short |
| Lighter PONSlong | +0.0744% | 1h | 0.5923 | long leg | $1.6M | $830K | 3x | |
| BloFin PONS-USDT | +0.0761% | 4h | 0.5931 | +0.130% | $1.7M | $955K | 20x | as long as short |
| Phoenix PONS | +0.1472% | 1h | 0.5909 | −0.245% | $45K | $127K | 3x | as long as short |
Phemex PONSUSDT
Aevo PONS-PERP
Hyperliquid PONS
OKX PONS-USDT-SWAP
Gate PONS_USDT
Polymarket Perps PONS-USD
Aster PONSUSDT
MEXC PONS_USDT
Binance PONSUSDT
Extended PONS-USD
edgeX PONSUSDC
Pacifica PONS
Variational Omni PONS
KuCoin PONSUSDTM
Bitget PONSUSDT
BingX PONS-USDT
Bybit PONSUSDT
BloFin PONS-USDT
Phoenix PONS